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20120711
20120711
Search Results 0 to 3 of about 4 (some duplicates have been removed)
trusties, but, trust, panama corporations would raise red flags with any tax authority. it is what mitt romney says about this, you say, that is of concern. nick shaxson? >> yes. this is a very important point. people seek offshore tax havens as a shady little island somewhere. one of the things i explore in my book, "treasure island's," since the 1970's, the u.s. itself has been turning itself quite deliberately into a tax haven in its own right. attracting foreign money, a lot of illicit for money from overseas through offering things such as special tax exemptions and secrecy -- financial secrecy. delaware and nevada and wyoming, offering very, very low cost, strong secrecy through corporations. this is profoundly difficult thing. one of many vehicles through which this illicit money can come in is the private equity business. there is no requirement on private equity companies to enforce the tax laws of other countries. a filing i am covered during my research -- i am covered during my research showed the strange entities in the bahamas and panama, all of these places are renowned t
the free trade agreement with colombia, panama and south korea. we are already seeing the economic benefits of that in south florida. imagine in if we were able to do that with more countries in a free and fair way. has to be fair. one last thing we could probably do to help grow this economy is deal with the long-term debt. that's what it is, it's a long-term debt problem that hovers over all over this conversation and creates some uncertainty. people are afraid especially people with lots of money are afraid to investigate in the american -- invest in the america economy, and they think that country is destined for confiscatory tax rates. they're going where europe is going. we don't want to invest in a country that will wind up like europe in five years. that's why we have to deal with the long-term debt and the sooner the better. and to deal with the long-term debt, by the way, you have to deal what with what's causing it. that's why it's so important we save medicare. medicare is a very important program. my mother is on medicare. i would never support anything that hurts my mother or
Search Results 0 to 3 of about 4 (some duplicates have been removed)